AIET Techabout 2 hours ago
Schneider Electric Buys PTC for $22.6 Billion
2 min read
Schneider Electric agrees to acquire PTC for $22.6 billion, a deal representing a 42% premium to PTC's recent share price. The transaction involves Schneider taking on up to €17 billion in debt and issuing €6 billion in new shares. PTC CEO Neil Barua states the merger creates a scaled industrial software and AI franchise.
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